Family Businesses: Page 2
The Pros and Cons of Hiring Family Members in a Small Business
While conventional wisdom discourages small business owners from hiring members of the same family, there are actually smart and strategic reasons to do so — but there are still drawbacks to consider. Here's what you should know about hiring employees who are family members.
Building A Lasting Legacy: Why Heritage Wealth Planning Is Imperative For The Middle East
Each family needs to establish common values and consult wealth advisors together with heirs to prevent future misunderstandings, and thereby realize a smoother generational wealth transfer.
Why Businesses Need to Diversify Everything Right Now
Diversification, when done correctly, can grant a business a certain relief when it comes to withstanding crises and global financial and professional turmoil. As tough as diversifying may be, every leader who is averting their eyes off it is exposing their team and business to risks, especially with the global market changing rapidly.
How Home-Packed Lunches Became a Thriving Business
In this episode, "Mexican Mom" Gina Antimo and her husband Jaime Reverté share how they foster a welcoming, family-like environment in their restaurant through customer service and authentic food.
How to Sustain a Family Business Across Generations
It can be tempting to assume the next generation is ready to take over your company and allow you to enjoy your twilight years, but you must ensure they have time to develop skills and realize their identity.
A 4th-Generation CEO Reveals How to Avoid 'Succession''s All-Too-Real Dysfunction in Your Own Business — Family-Run or Not
Julie Charlestein, CEO of Premier Dental Products Company, shares four essential tips for a successful leadership switch-up.
What Family Businesses Need To Know About The New Legal Framework Governing Their Operations In The UAE
Only around 10 to 15% of family businesses in the UAE make it to the third generation.
For Family Businesses In The Middle East, Formalized Governance Can Help Create Lasting Legacies
Families with a clear long-term strategy in place fared better than those without, and the need for a formalized family governance is more evident than ever.
I Advise the Real-Life 'Logan Roys' of the World. Here's Where the 'Succession' CEO Went Wrong.
Based on my experience working with and counseling the real-life Logan Roys of the world, here are five lessons the Roy family could benefit from learning.
The Benefits of Starting a Family Business — and How to Do It Successfully
The case for starting a family business and suggestions on how to mix the two for the best possible outcome.
5 Reasons Your Children Should Not Inherit Your Business
There are a number of very good reasons why your children should not inherit your business.
A 400-Year-Old Family Business Remains the 'Gold Standard' in Its Category — Its First Women Leaders Reveal the Secret
Executive chair and president Craigie Zildjian became the company's first woman leader in 1990. Today, she's preparing her niece Cady to uphold the legacy.
Business Lessons From the Family That's the 'Cake Boss' Empire
The hit show is just the frosted tip of what Carlo's Bakery has grown to be.
I Run a Business With My Husband. Here's How We Make It Work (and How You Can, Too).
Working with your spouse can be challenging, but more often than not, it's so rewarding. Here's what I've learned and experienced co-founding and running a business with my husband.
How a Family Turned the Tragic Death of Their Son Into an Online Legacy
This family tackled grief by taking over their son's mental health awareness brand, Happy Jack.